CBRE Australian Healthcare and Social Infrastructure is delighted to offer for sale 2b Forum Way, Epping. A premium education investment on a substantial corner block with exposure to Forum Way and Edgars Road.
+ Leased to highly regarded national operator Expeditions Early Learning with 6 locations across QLD and VIC with a permit for 111 places
+ Passing rental $297,264 pa* vs sworn market valuation rental $388,500 pa* (31% potential uplift)
+ Opportunity for significant rental upside in 2030 due to rental below market levels (market review)
+ Newly constructed improvements providing optimal tax depreciation benefits
+ Childcare properties are robust investments that offer considerable value and security as they are experiencing exceptional demand due to Melbourne's booming population growth
LOCATION
+ Positioned at the centre of the City of Whittlesea, one of the fastest growing municipalities in Australia welcoming an average of 156 new residents and 76 babies every week
+ In the heart of a commercial precinct - not just another childcare centre in a residential street
+ Opposite Harvest Home Primary School with circa 800 students
+Adjoining Aurora Village (Coles/Aldi)
+ What is happening is EPPING - Hexa Development (https://hexa.com.au/projects/lumina-central/)
+ Direct investment into the region coupled with planning reforms is allowing Melbourne's north to undergo significant growth including a positive shift in customer wealth. The suburbs high amenity is complimented by a significant number of developments to accommodate the booming population. The catchment is substantial, with a main trade area population of 28,680 expected to grow to 60,830 by 2031
+ Highly favourable demographics allowing long-term tenant success with Epping featuring a larger percentage of persons between 0-4 (7%) than the Victorian average (6.2%)
+ The municipality is one of the fastest growing in Australia, with a current population of 223,566 and is forecast to grow to 382,896 by 2041
For further information, please contact the exclusive sale and marketing agents:
Sandro Peluso
+61 418 389 757
Jimmy Tat
+61 439 399 118
Marcello Caspani-Muto
+61 417 065 777
approx*
